Nama offers deals to stop developers seeking bankruptcy abroad

Agency is exploring ways to combat debtor fatigue'

Ian Kehoe - avatar

Ian Kehoe

20th July, 2014

Nama, the state’s toxic loans agency, is preparing to offer financial incentives to property developers as part of a radical move to stop its debtors declaring bankruptcy in Britain.

Faced with a steep increase in the number of developers seeking a fast-track British bankruptcy, the agency has briefed the Department of Finance that it is exploring ways to “combat” what it describes as “debtor fatigue”.

The potential inducements include...

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